The Budge Report Blog

The money-saving guide to surviving the recession

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The Budge Report is the belt-tightening, money-saving guide to surviving the recession, deflation, and whatever else is going to happen. We include money-saving tips, links to relevant sites and articles that can help you create a budget, save (and accumulate!) money, and shop wisely.

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Warehouse Shopping and Tactics

Posted By Susan on May 2, 2009

We discovered Price Club — which later became Costco — over 20 years ago, when we first moved to California. Back in New York, there were membership savings clubs (“Hey Jerry! What’s the story?”), but they were generally limited to home entertainment and appliance products, and you had to be a teacher, policeman, or fireman (very few women doing this back then!). It was a solid 30 minute drive to Price Club, so we didn’t just pop in on a whim, and we learned to plan what we wanted and not buy, say, 20 pounds of tortilla chips that would get stale before we could eat them.

Then they built a Costco practically just down the road from us (which out here means 15 miles away), and that was good. Sam’s Club then opened 1/4 mile from Costco, the way Wal-Marts open near K-Marts — they aggressively go after the business — and we got in the mail a free day pass. We made a list and walked the place together, commenting on Sam’s versus Costco in terms of what we could see. Then we bought and compared fruits, vegetables, ground beef (90% lean) and fish of the same quality bought the same day from each store. We liked the taste of Sam’s meats better, but we prefer the greater variety of vegetables and fruits at Costco, as well as their prepared, ready-to-eat food. Costco has more of the techie stuff David likes. They both have similar types of the gardening stuff I like. They are both 80% stores (as in, we find 80% of everything we ever shop for at these stores).

We have a sticky note pad on the fridge. On it, we all write food and other things to buy as we think of them. Then, I work up menu ideas, check food supplies that we do have, and augment the list. Once a month or so, we plan a major shopping trip to both stores (although we do make more frequent trips to Costco for cat litter and to Sam’s for cheese and burgers). In the summer, we bring an empty cooler with us to make sure the frozen food stays frozen. With two shopping carts and our cell phones we divide and conquer — having assigned areas to shop and products to get. Also this way if David wants to linger at electronics, I don’t get fidgety. And we both get to sample the foods offered :-)

After tracking our expenses and savings, we found it was worth it to stay with both of them. Overall we spend 2/3 of our warehouse dollars at Costco (where we bought an “Executive Membership” which gets us an extra discount that more than pays for the upgrade) and 1/3 at Sam’s.

Warehouse Club Tactics

http://www.kiplinger.com/magazine/archives/2008/08/5-Ways-to-Beat-Inflation-at-Warehouse-Clubs.html

http://www.wikihow.com/Save-Money-by-Shopping-Once-a-Month

Saving Money On Medicines and Health Care

Posted By Susan on May 2, 2009

I frequently find myself wanting to figure out if we can save more of our hard-earned money somehow. Like when I am trying to fall asleep :-)

My latest obsession is about medication costs. Here is how my thinking goes:

First, we do have medical coverage through work. Office visit co-pay is $20 to $35 for primary care or specialist.

Second, we have pharmacy/prescription coverage, too, and prescription co-pay. The latter runs
from $7 (flat fee for generics) to $65 depending on the item. Still a lot better than upwards of $250 per drug without any insurance (yes, we were there once upon a scary time). We do have our doctors specify generics when available and recommended (one particular brand of one of our medicines does absolutely nothing, so our pharmacy is alerted never to provide it).

Mail order prescriptions via our health insurance website were a new tactic we decided to try. I checked the comparative prices online and we had our doctors write 3-month prescriptions and mailed them in. Voila: email confirmations, email ship dates, timely arrival of meds at considerable savings: about $20 to $120 per medication. We can even reorder by phone, just like with our local pharmacy. And they send reminder emails well in advance of when it is time to renew three months later.

Another tactic we use is to call various local pharmacies and get price quotes. We did that before buying insulin syringes for our diabetic cat, Panther. The local Safeway wanted $27.50 for a box of name brand 3/10 cc syringes. The Sam’s Club pharmacy gave a price of $12.95 for a generic version. Not hard to guess where we went.

While digging up a band-aid I realized we were running out. And where was the antibiotic ointment anyway?? This led me to dig through our entire medicine cabinet. Some of this other stuff was so expired!!! So onto the Internet and found a great all-round first aid kit at Costco.com. Double checked and we bought it at our local Sam’s Club in person for even less money.

For those who are not insured, please read these
article:

http://www.wisebread.com/5-places-to-check-out-medical-care-for-the-uninsured

http://www.bankrate.com/finance/insurance/dealing-without-health-insurance-1.aspx

http://www.kiplinger.com/columns/ask/archive/2009/q0129.htm

Why The Budge Report?

Posted By David on January 10, 2009

Why are we calling this website The Budge Report?

It’s primarily because we got our inspiration from The Drudge Report. Matt Drudge, by dint of hard work, focus, and a talent for finding the right stuff, made his website the must-see destination for anyone interested in news or politics (and especially news about politics). And he did it without fancy animation, coding, video, or Flash. Whether you love him or hate him is beside the point…if you’re a news junkie, you have to keep his site open, period.

By finding and winnowing the best quality budgeting and money saving news for you every day, we’re hoping to become your top destination on the web, at least for those of you who are hoping to survive the recession, deflation, or whatever comes next (although an asteroid hitting the earth would be a bit out of our league).

And of course…Budge, as in Budget!

The Budge Report

Posted By David on January 9, 2009

The Budge Report is the belt-tightening, money-saving guide to surviving the recession, deflation, and whatever else is going to happen. We include money-saving tips, links to relevant sites and articles that can help you create a budget, save (and accumulate!) money, and shop wisely.

We are a family who has lived through the boom of the dot-com bubble and the bust of its aftermath. We’ve created jobs and lost jobs. We’ve had full-time jobs, part-time jobs, consulting, crafting and jewelry making, contract work, worked from our home office, slaved in the world of retail, had our own company with employees, and gone on unemployment. We’ve also been full-time and part-time students and lived in an apartment.

Like many other people, we have a mortgage, kids, pets, and hobbies. We’ve saved money for years only to see thousands of dollars lost in value due to stock market crashes and shenanigans. Since then, we’ve taught ourselves how to read between the lines of annual reports and financial news releases.

Having grown up with parents who lived through the Great Depression, we learned all their savings and budgeting tips, but we also learned how to temper those with the reality of life in the present day. So although we know you can save money by making your own candles from used crayons, we’re not going to be filling this site with that kind of information. But we are going to help people learn important skills such as Tactical Shopping™.